Jubilee Holdings Lays off 52 Workers
Jubilee Holdings has announced plans to lay off 52 of its employees, claiming that their roles have become redundant. The move comes after the firm split its business into two; [...]
Concord Insurance Claimants to Receive KSh 467.3 Million
The Policyholders Compensation Fund (PCF) will settle claims amounting to KSh 467,309,798 to claimants of Concord Insurance, one of the underwriter that faces liquidation. Some 1,572 policyholders of this insurance [...]
KSh 4 Billion Indemnity for Policyholders
Individuals and firms who took policy covers in financially troubled insurance firms and failed to receive their dues will get KSh 4.3 billion compensation from the government. This follows recent [...]Britam's Stephen Wandera Bows Out After 26 Years of Services
Britam PLC has announced the retirement of Stephen Wandera, the former Principal Executive Director. A company announcement reveals that Stephen hit the age 60 ceiling, after serving the company for [...]CIC Issues Profit Warning, Cites High Claims in Insurance Business
CIC Insurance Group has issued a profit warning for the financial year ending 31st December 2019. The insurance group projects that the company's profits will be more than 25% lower [...]New Law to Protect Policy Holders in Collapsed Insurers
The Insurance Act now has provisions to protect policy holders in the event that an underwriter is in financial distress and its assets have been put under statutory management. This [...]Claims Against Kenya’s Insurers Drop to KSh42.2 Billion
Insurance firms in Kenya incurred a total of KSh42.16 Billion in claims during the first nine months of this year. This is compared to KSh42.49 Billion in Q3 2018, representing [...]Buying health insurance for your parents? Here are some handy tips to follow!
Health insurance policies are designed to help you and your loved ones meet the increasing cost of hospitalization. If your parents are up to 55 years old you can buy [...]Beginners Guide to Understand Car Insurance Basics (2020)
We all have got expensive cars parked in our garages and pay a hefty amount for its motor insurance cover. Here we are going to shed some light on the [...]Using A Life Insurance Calculator During Policy Research
As with so many aspects of modern life, digital and online technology have revolutionised the experience. Acquiring life insurance online is now fast, efficient, and straightforward, and the early stages [...]The Mistakes Victims Commit That Can Hurt Their Personal Injury Claim
An unintentional injury's aftereffects can be severe. The agony from the injury itself can be debilitating, and medical expenditures can mount up. Work can also become challenging. Many people think [...]Reasons Why the Insurance Company Denies Your Motorcycle Accident Claim
If the insurance company denies your accident claim, then you might be able to file a motorcycle accident claim and seek compensation for the damages you have sustained. It’s not [...]
